ECL
ECOLAB INC.Evidence as of 2026-09-02Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The evidence balance is Mixed (+0.2 of a possible +2; confidence high). Revenue in fiscal Q2 2026 (fiscal quarter ended 2026-06-30) was $ 4,415,400,000, up from $ 4,066,100,000 in fiscal Q1 2026 (fiscal quarter ended 2026-03-31) and from $ 4,025,200,000 in fiscal Q2 2025 (fiscal quarter ended 2025-06-30). Operating income rose to $ 757,900,000 in fiscal Q2 2026, implying an operating margin of about 17.2% versus about 15.3% in fiscal Q1 2026, while net income was $ 534,900,000 in fiscal Q2 2026, roughly in line with $ 524,200,000 in fiscal Q2 2025.
Trailing metrics show trailing twelve‑month free cash flow of $ 701,300,000 (FCF per share $ 2.4851, price‑to‑FCF 112.63), trailing EPS $ 7.31 (trailing P/E 38.29 using 282,200,000 weighted shares), and a model‑implied free cash flow growth requirement of 57.77%. Cash and cash equivalents swing materially across filings — e.g., $ 519,800,000 as of 31 March 2026 and $ 5,135,300,000 as of 30 June 2026 — while total liabilities rose to $ 19,842,600,000 as of 30 June 2026 and shareholders’ equity to $ 10,055,500,000.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue for the three months ended 30 June 2026 (fiscal Q2 2026, 2026-04-01 to 2026-06-30) was $4,415,400,000, up from $4,066,100,000 in the three months ended 31 March 2026 (fiscal Q1 2026, 2026-01-01 to 2026-03-31) and from $4,025,200,000 in the three months ended 30 June 2025 (fiscal Q2 2025, 2025-04-01 to 2025-06-30).
XBRL companyfacts · 0001628280-26-053886Operating income was $757,900,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30), versus $622,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31) and $710,100,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30), implying an operating margin of about 17.2% in fiscal Q2 2026 (757.9M / 4,415.4M) versus about 15.3% in fiscal Q1 2026 (622.0M / 4,066.1M).
XBRL companyfacts · 0001628280-26-053886Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, the only ETF membership record provided lists ECL at a 0.11% weight in the IVV ETF.
ETF constituents · market dataThe provided evidence set contains only ETF membership data (the IVV weight) and does not include any insider Form 4 filing events or other ownership categories.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Van ECK Associates Corp increased its holding in Ecolab in the second quarter, buying 42,713 additional shares, according to the article published 2026-08-31.
News · thelincolnianonline.com · 2026-08-31Lombard Odier Asset Management Europe Ltd initiated a position in Ecolab in the second quarter, purchasing 71,423 shares, according to the article published 2026-08-29.
News · thelincolnianonline.com · 2026-08-29Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model-implied free cash flow growth rate that today's price would justify is 57.77% (0.5777).
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month free cash flow is $701,300,000 and free cash flow per share is $2.4851, while the price-to-FCF multiple is 112.63.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-reported fundamentals point to operational improvement that supports a favorable read: sequential and year-over-year revenue growth (fundamentals-0), higher operating income and margin expansion in Q2 2026 (fundamentals-1), and higher net income versus the prior quarter with year-earlier parity (fundamentals-2). Share-count reduction and sustained diluted-share declines strengthen per-share metrics (fundamentals-3), and a large reported cash balance increase in Q2 2026 provides balance-sheet flexibility that can affect valuation inputs (fundamentals-4). Institutional flows and new positions from multiple managers show incremental demand and engagement (news-0, news-1, news-2, news-3), while several sell-side firms maintain bullish ratings per the consensus dataset. The bear case centers on stretched price/implied-growth multiples (valuation-0, valuation-1, valuation-2) — those valuation signals are strong on model outputs but rely on high implied FCF growth; given the material cash swing and share-count changes, some of the apparent multiple compression may reflect one-time or timing-driven cash and capital-return dynamics rather than pure operating shortfall (fundamentals-4, fundamentals-3). Evidence strength: company filings directly support the fundamental facts (high strength for fundamentals-0 through fundamentals-4), the valuation metrics come from the model outputs and are numerically strong but highlight sensitivity to growth assumptions (strong for valuation-0/1/2), and the news items are lower- to medium-strength signals of investor interest (moderate strength for news-0 through news-3).
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.34
21 surviving claims rest on 11 distinct sources; the heaviest analyst carries 33% of them, and 100% of what the desk raised survived the debate.
The surviving set is moderately concentrated: 21 claims draw on 11 distinct sources and a single analyst account holds one-third of the claims, which means the read carries useful signals but is sensitive to that analyst's interpretation and to the limited source mix. The fact that everything the desk raised survived debate increases internal consistency, but it also raises the chance that shared assumptions or overlooked errors persist across claims, so treat the conclusions as informational rather than definitive.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
13 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.5 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
Get this for the tickers you actually hold
Plus the one thing no sample can show: how each name correlates with your portfolio, and what hides inside your funds.
The full terminal on ECL Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.